@Brandon9000,
Brandon the standard of living can't start improving until years after the Great Recession is over.
In that sense Obama has done well..but we won't see improvements for quite a while...you know, like there's a lag.
Economically, Could Obama Be America's Best President?
With the stock market hitting new highs, some people have already forgotten about the Great Recession.
Recall 2009. Things looked pretty bleak economically.
But the outlook has changed dramatically in just 4 years. And it has been a boon for investors, as even the safest indices have yielded a 250% return (>25% annualized compound return:)
Although we hear almost no one in the Obama administration taking credit for record index highs, they should. Because the President deserves attention for how well this economy has done during his leadership.
Today the Congressional Budget Office is reporting a $200B decrease in the deficit almost entirely due to increased revenue from a growing economy and higher taxes on the wealthiest Americans. The deficit is now only 4% of the GDP, down from over 10% at the end of Bush’s administration – and projections are for it to be only 2% by 2015 (before Obama leaves office.) America’s “debt problem” seems largely solved, and almost all due to growth rather than austerity.
We can largely thank a fairer tax code, improved regulation and consistent SEC enforcement. Also, major strides in health care reform – something no other President has accomplished – has given American’s more faith in their future, and an increased willingness to invest.
http://www.forbes.com/sites/adamhartung/2013/05/16/economically-could-obama-be-americas-best-president/
